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a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good reason why people making over $250,000 a year should not pay more. >> when you raise tax rates, you're impacting the small businesses that create the jobs in this country. >> reporter: the back and forth is unsettling for the nation's governors, democrats and republicans came to washington tuesday with one message. >> you've got the to come together and get this done. >> reporter: and better do it quickly because
a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on...
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Dec 4, 2012
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the president and his negotiators have told republicans there won't be a fiscal cliff deal without that tax increase. the white house today dismissed that counteroffer as nothing new and urged republicans to "get serious about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's two busiest seaports. the ports of los angeles and long beach shut down after a few dozen clerical workers walked off the job and dock workers refused to cross their picket line. bill whitaker has the latest. >> reporter: 11 huge cargo ships are stuck offshore, piled high with containers of food, toys, lumber. 14 others sit untouched at the docks. >> if you guys could start handing the fliers out. >> reporter: transporters, wholesalers and retailers are growing angst. ingrid lazcano, owner of andean dream, imports quinoa, popular right now in the u.s. her last shipment was diverted to mexico, another was diverted
the president and his negotiators have told republicans there won't be a fiscal cliff deal without that tax increase. the white house today dismissed that counteroffer as nothing new and urged republicans to "get serious about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's...
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Dec 1, 2012
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a looming fiscal cliff and what are we hearing? as republican senator jeff sessions says -- >> a lot of flimflam. >> flimflam. we told you last night that treasure secretary tim geithner hop-scotched his way down pennsylvania avenue to bring the president's proposal from the white house to capitol hill and instead of offering compromise, he leapt to the extreme. in case you forgot, here's what his plan does. his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the taxes on capital gains and dividends. and the plan spends nearly $200 billion. another stimulus package of 50 billion. an extension of unemployment insurance benefits estimated around $30 billion and an extension of the payroll tax cut estimated at about $114 billion. but the geithner plan didn't cut spending. in return for all of that, the president offered $400 billion in cuts to medicare and other entitlement programs. today joh
a looming fiscal cliff and what are we hearing? as republican senator jeff sessions says -- >> a lot of flimflam. >> flimflam. we told you last night that treasure secretary tim geithner hop-scotched his way down pennsylvania avenue to bring the president's proposal from the white house to capitol hill and instead of offering compromise, he leapt to the extreme. in case you forgot, here's what his plan does. his plan taxes $1.6 trillion of taxes. higher tax rates on people, families...
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Dec 1, 2012
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i don't think we're going to go over the fiscal cliff. republicans have put some proposals on the table moving in barack obama's direction. i don't know exactly the game tim geithner was playing yesterday and thank you, erin, for getting some of this math right. when he came up with yesterday was $4 of new tacks for every dollar of spending cut, that's when john boehner simply said we're nowhere an that's where they are now, but there's 30 days. >> ethan, don't the republicans if they want to break this stalemate, maybe what the president's doing is saying these are the cuts i want to make, so guys, why don't you come up with the rest? >> i don't think that's really a fair criticism. republicans have passed the budget that paul ryan pugt together. now, you may not agree with that budget, but it does outline specific cuts. republicans are on the record for those and would probably say here's our list of cuts, mr. president. what's your list? >> the president has other things he may not have included. say they take it from paul ryan's budge
i don't think we're going to go over the fiscal cliff. republicans have put some proposals on the table moving in barack obama's direction. i don't know exactly the game tim geithner was playing yesterday and thank you, erin, for getting some of this math right. when he came up with yesterday was $4 of new tacks for every dollar of spending cut, that's when john boehner simply said we're nowhere an that's where they are now, but there's 30 days. >> ethan, don't the republicans if they...
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Nov 30, 2012
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major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this was conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversar
major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh...
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we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter
we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could...
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Dec 4, 2012
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counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:31 on this tuesday. muni service back to normal on market street this morning. power was just restored to the subway. last night service was shut down for hours. cate caugiran joins us now. >> reporter: they had their hands full yesterday michelle and frank. but i just spoke with a muni spokesman on the phone who told me in terms of the morning commute, they are happy to say that again all trains are back up and running an service has been fully restored. now this is because crews were working well into the night to restore power to all of those underground transit stations. now, all trains were stopped just before 6:00 last night. muni says the melt yo
counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's...
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Dec 1, 2012
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>> reporter: scott, leading republicans are now calling the president's latest fiscal cliff proposals-- and these are quotes-- "unreasonable, not serious even ludicrous." on the negotiations that are necessary to avoid the cliff, here's how house speaker john boehner described the status there. >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: what set off this reaction was the president's proposal for $1.6 trillion in new taxes over ten years with tst of that coming from a tax hike on single americans making hire than $200,000 and married couples filing jointly making $250,000. boehner has hinted that republicans might raise half of that, $800 billion, but only by reducing tax loopholes. >> getting rid of special interest deductions and not raising rates we think is better for the economy, pure and ecole. >> reporter: there is also a gap on spending cuts. yemocrats say they've already agreed to cut one trillion dollars from future spending, republicans, including majority leader eric cantor, responded with this: >> all of a
>> reporter: scott, leading republicans are now calling the president's latest fiscal cliff proposals-- and these are quotes-- "unreasonable, not serious even ludicrous." on the negotiations that are necessary to avoid the cliff, here's how house speaker john boehner described the status there. >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: what set off this reaction was the president's proposal for $1.6...
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in the midst of the fiscal cliff negotiations and at one point, using the v word saying he would veto any bill coming to his desk, not including the higher taxes for wealthier households, shawn. >> thank you, tom fit gerald. >>> the cuban government is accusing washington of lying about the health of a maryland man in a cuban prison. allen gross is detained in havana for three years after being convicted of acting against the cuban government. a cuban diplomat said that gross will not be released without conditions and the government is willing to discuss a trade. gross in exchange for five cuban intelligence agents in a florida prison. >>> as the 5 continues, a breast cancer breakthrough. why a popular drug could change the way some patients are treated. >> it's not always easy to get motivated to exercise. stick around, an inspirational man who lost 310 pounds coming up. >> and prank callers managed to dune a worker -- dupe a worker at kate middleton hospital. >> and get ready for a cold overnight. as it looks like suburbs will be headed down into the 20s. first look at the forecast
in the midst of the fiscal cliff negotiations and at one point, using the v word saying he would veto any bill coming to his desk, not including the higher taxes for wealthier households, shawn. >> thank you, tom fit gerald. >>> the cuban government is accusing washington of lying about the health of a maryland man in a cuban prison. allen gross is detained in havana for three years after being convicted of acting against the cuban government. a cuban diplomat said that gross...
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in a resolution to the fiscal cliff. we're live at the white house with the very latest. what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: what a strange day. some are way up, some are way down. shares of verifone systems are getting a boost. nicole with more on that. nicole: some stocks jumping, this is a day that verifone is jumping. take a look at the stock right now, a gain of 7.5%. an upgrade from a neutral setting the emerging competition that everybody is worried about is overdone. his growth story is impacted. when they get lake square for example, they are not worried about them at all. with
in a resolution to the fiscal cliff. we're live at the white house with the very latest. what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't...
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Dec 3, 2012
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as we come to the end of this fiscal cliff, republicans have to choose. do they call for $5 trillion in tax increases over the next ten years or are they going to allow the middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank you for your time. we'll see what happens next. thank you, sir. >>> we could soon learn who the president wants to be the next secretary of state. chuck todd says a decision could come this week, but as we get closer to a decision, the partisan divide over the potential nomination of susan rice, considered the front-runner, seems to be intensifying. >> when it comes to susan rice as far as lindsey gra
as we come to the end of this fiscal cliff, republicans have to choose. do they call for $5 trillion in tax increases over the next ten years or are they going to allow the middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president...
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the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing once again it play out almost as it appears slow motion, carol. you mention the call between speaker boehner and president obama. they may have talked. no read out of the call per se. we are still a long way away from a deal that is for sure. why? because at its most basic neither side is giving on their primary position. president obama continues to insist over and over again any deal must include a tax rate increase on the top 2% of wage earners which republicans just as firmly insist is a nonstarter. today the president is going to continue his public pressure campaign according to the white hous
the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing...
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jenna: the president's opening bid to avoid the fiscal cliff, already called a none starter by republicans including this $1.6 trillion in new taxes. 400billion in spending cuts, tbd specifically on that. a little extra cash for infrastructure spending, republicans call that stimulus. and a plea for new powers to raise the debt ceiling without having to go directly to congress. joe trippi is howard dean's former campaign manager and a fox news contributor. good to see you this morning. >> good to see you, jenna. jenna: as opening bids go what do you make of that one. >> it makes sense that this is the president's opening bid. republicans ran around saying his only answer is to raise taxes on the rich and play class warfare, and we have a spending problem, not a revenue problem. so if the president says look, i want to raise taxes 1.6 trillion it should be no surprise. if you want to cut spending more put your specific cuts in medicare on the table and let's start having the negotiations. it makes sense to me that he would start low on the spending cuts and let the republicans take the hit,
jenna: the president's opening bid to avoid the fiscal cliff, already called a none starter by republicans including this $1.6 trillion in new taxes. 400billion in spending cuts, tbd specifically on that. a little extra cash for infrastructure spending, republicans call that stimulus. and a plea for new powers to raise the debt ceiling without having to go directly to congress. joe trippi is howard dean's former campaign manager and a fox news contributor. good to see you this morning. >>...
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jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this i
jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll...
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counter plan to avoid that "fiscal cliff." >> rates have to rise and the republicans need to acknowledge that. that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, you know, we want a family, so, uhm, you know, we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning, it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:32. a huge pot bust at a home in east san jose. this morning neighbors reported a burglary happening at a home on the 1300 block of sandalwood court. when police got there they found the front door open. they entered the home and discovered an elaborate grow house there. we have live pictures of the house here. in fact, officers say there was no furniture inside the home at all just about 300 pot plants with a street value of $125,000. and because of all the chemicals inside the home, they called the fire depar
counter plan to avoid that "fiscal cliff." >> rates have to rise and the republicans need to acknowledge that. that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, you know, we want a family, so, uhm, you know, we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado...
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in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was here on capitol hill last week to present the president's plan to congress. >> i was flabbergasted. you can't be serious! >> reporter: president obama wants $1.6 trillion on the rich, $400 billion in cuts to entitlement programs and billions in more spending. >> reporter: mitch mcconnell laughed at geithner during their meeting last week. now geithner says if republicans don't like the plan, it's up to them to present their own ideas. >> what we can't do is try to figure out what works for them.
in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average...
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cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to see the tax rates rise to some degree on top earners in exchange for later getting a better deal on some of these spending cuts. but tieing it to that vote to raise the debt ceiling basically saying that debt ceiling vote is our point of leverage. do you agree with that approach? >> when they get to that, they'll do the same b
cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be...
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cliff looming republicans want barack obama and democrats to fire the bloody as shots of all against santa clause they want democrats to riddle social security and medicare with bullets and with the help of the corporate media republicans have managed to create this false equivalency that says of taxes go up on the wealthiest two percent of americans and the rust of the nation has to suffer from deep budget cuts to social welfare programs the unemployed would need to get by with fewer employed men to get by with fewer benefits and senior citizens have to work longer before they can qualify for medicare to them this is what's called a balanced approach riot despite claims to the white house that social security is off the negotiating table both president obama and vice president biden have thrown support behind a sort of green bargain like simpson bowles that will leave the republican santa claus the deliberate low tax rates nicked by paper cuts but leave the democratic senate clause a shot a bloody mess recognizing what might be on the horizon progressive senator bernie sanders said
cliff looming republicans want barack obama and democrats to fire the bloody as shots of all against santa clause they want democrats to riddle social security and medicare with bullets and with the help of the corporate media republicans have managed to create this false equivalency that says of taxes go up on the wealthiest two percent of americans and the rust of the nation has to suffer from deep budget cuts to social welfare programs the unemployed would need to get by with fewer employed...
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on the fiscal cliff. we're going to take to steny hoyer about what this means for talks from here. and he's defending susan rice and his fellow republicans hammer away at her. former presidential candidate ambassador jon huntsman is going to join us to explain all this. and the best part about this, abby huntsman, his daughter, is going to be on the panel. kind of like their first joint appearance. we're saying ever. we have to fact check that. but we're making history this morning. plus russell simmons bringing art to kids in urban areas. why he's so passion about this cause. and this is a picture everyone on the planet is talking about. the cop who warmed the hears of everyone who's seen this photo, he's going to join us. that and much more coming up on "starting point." it's like 15 minutes away. it's friday. what could be better? >> that is a sharpie, not a pen. thought i'd correct you. >> 44 minutes past the hour. people on the west coast bracing for the threat of flooding and mudslides. meteorologis
on the fiscal cliff. we're going to take to steny hoyer about what this means for talks from here. and he's defending susan rice and his fellow republicans hammer away at her. former presidential candidate ambassador jon huntsman is going to join us to explain all this. and the best part about this, abby huntsman, his daughter, is going to be on the panel. kind of like their first joint appearance. we're saying ever. we have to fact check that. but we're making history this morning. plus...
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cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. >> so do you agree with the obama administration's decision to go over the cliff if tax rates on the wealthy don't increase? you can join the "news nation" on facebook. we're at facebook.com/newsnation. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take an extra 10 percent off storewide, now through sunday. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. that's what may help lower your cholesterol and -- well that's easy restore revive rejuvenate rebuild rebuild rebuild >>> there's so much going on today. new jersey governor chris christie met with president obama this morning to request fed
cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. >> so do you agree with the obama administration's decision to go over the cliff if tax rates on the wealthy don't increase? you can join the "news nation" on facebook. we're at facebook.com/newsnation. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the...
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cliff. i think it might be. it will require both sides to realize america should take priority over your party, being republican and democrat. we can't keep borrowing 40 cents out of every dollar without becoming a debtor nation and engaging in a slow dim minute news of out influence and power around the world. i think a seminal event at the federal level as well. neil: governor wilson, at least unlike washington, here in california you have guys been doing a lot of cutting. you could cut a lot more i think. i will say this, you at least practiced that. washington has not. where are you, when i see some of these deals to broker end of year cliff avoider is that it is weighed heavily toward tax hikes with the promise being that we'll address spending cuts. i know how promises go about spending cuts. they're very much like i'm diet promises. i'm not confident. >> well, with every reason because we have on about in deficit in this state now for a decade and, i don't believe those promises eithe
cliff. i think it might be. it will require both sides to realize america should take priority over your party, being republican and democrat. we can't keep borrowing 40 cents out of every dollar without becoming a debtor nation and engaging in a slow dim minute news of out influence and power around the world. i think a seminal event at the federal level as well. neil: governor wilson, at least unlike washington, here in california you have guys been doing a lot of cutting. you could cut a lot...
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. >>> now, we turn to the battle over how to keep the nation from going over that so-called fiscal cliff. the clock is ticking now. 27 days to go. >> and president obama and congressional republicans are making plenty of sound bytes about it all. but very little progress. abc's tahman bradley has the details from washington. >> reporter: democrats and republicans remain light years apart. here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: republicans, like rising star senator marco rubio, say raising taxes on the wealthy is the wrong approach. >> the tax increases he wants would fail to make even a small dent in the debt. it would hurt
. >>> now, we turn to the battle over how to keep the nation from going over that so-called fiscal cliff. the clock is ticking now. 27 days to go. >> and president obama and congressional republicans are making plenty of sound bytes about it all. but very little progress. abc's tahman bradley has the details from washington. >> reporter: democrats and republicans remain light years apart. here's president obama, in an interview with bloomberg tv, describing house speaker...
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one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about in
one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle...
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republicans losing blame game on fiscal cliff. neener. majority of americans say if the country goes over the cliff on december 31st, congressional republicans should bear the brunt of the blame. "washington post" pew poll -- >> pew pew. >> stephanie: latest time the g.o.p. faces a tireless task between now and the end of the year. 53% say the g.o.p. would and should lose the fiscal cliff blame game. 27% say the president. so there. [ ♪ nah nah nah nah nah ♪ ] >> stephanie: a tee and then a hee. donna says i got my tickets. steph, as your official vegetarian travel agent i got meet and grope tickets. so did many of our stephanie and the mooks meet up group. >> i love that. >> stephanie: not that kind of meet. we're having a celebration dinner this sunday to celebrate getting meet and grope tickets to what -- >> it's a new year and time for a new inauguration. >> the president of the united states is once again barack obama. s. ♪ >> time for a new sexy liberal. >> i guess i'll have to speak for the people of my state from right here.
republicans losing blame game on fiscal cliff. neener. majority of americans say if the country goes over the cliff on december 31st, congressional republicans should bear the brunt of the blame. "washington post" pew poll -- >> pew pew. >> stephanie: latest time the g.o.p. faces a tireless task between now and the end of the year. 53% say the g.o.p. would and should lose the fiscal cliff blame game. 27% say the president. so there. [ ♪ nah nah nah nah nah ♪ ] >>...
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or are we all going over the fiscal cliff? let's see if we can work out a deal right here in the situation room. but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the down payment for an even better deal. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. pre-cognitive intelligence with googlenow complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we suppo
or are we all going over the fiscal cliff? let's see if we can work out a deal right here in the situation room. but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the...
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. rais
. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making....
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are split on how to avoid the fiscal cliff. ktvu house smoker john boehner could be facing an uphill battle within his own -- >> reporter: speaker boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will be hearing from democrats shortly. minority leader nancy pelosi is holding a news conference. we'll have that for you during our next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> a los angeles area fire house is under fire for letting an exdeny letting an exercise company shoot a racy video inside its station. the video by hoopnautic.com shows a scantily dressed woman
are split on how to avoid the fiscal cliff. ktvu house smoker john boehner could be facing an uphill battle within his own -- >> reporter: speaker boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a...
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i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you think it decides it should just agree to pass the tax cuts -- extend the tax cuts for middle-class americans and then wait until later to resume the debate over spending and tax cuts for wealthy americans? caller: they should start with that. and if they agree on that, then they can go on to the next thing. but this lagging and dragging along on both sides makes no sense. host: here is the washington post this morning. [video clip] >> i don't think the issue right now has to do with sitting in a room. the issue right now that is relevant is the acknowledgment that if we are going to raise revenues that are sufficient to balance with very tough cuts we have already made and further reforms and entitlements i'm prepared to make, that we are going to have to see the rates on the top to% go up. we are not calling to able to get a deal without it. host: that was the president talking about whether
i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you think it decides it should just agree to pass the tax cuts -- extend the tax cuts for middle-class americans and then wait until later to resume the debate over spending and tax cuts for wealthy americans? caller: they should start with that. and if they agree on that, then they can go on to the next...
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fiscal cliff. but let's get another view of this. gary richards is a senior corporate tax partner. that's the point. these american companies who are evading taxes who the politicians want to come down on, they're doing nothing wrong. the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and evasion. evasion is illegal. avoidance is looking at the law and seeing what opportunities there are to minimize costs and tax is just another cost of doing business. >> so the long and the short of it is successive governments, whether they be coalition, torrey, labor governments have made a right mess. why is that this tone that is so complicated that creates all these opportunities for avoidance? >> it's because people have built anti-avoidance legislation on anti-avoidance legislation rather than actually thoug
fiscal cliff. but let's get another view of this. gary richards is a senior corporate tax partner. that's the point. these american companies who are evading taxes who the politicians want to come down on, they're doing nothing wrong. the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and...
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if we go over the fiscal cliff, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politic
if we go over the fiscal cliff, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january...
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. >> the fiscal cliff crisis and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to
. >> the fiscal cliff crisis and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls...
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that's how president obama is describing republican plans for avoiding the fiscal cliff. can these two work together? we'll ask congresswoman debb ebr debber -- debbie wasserman schultz. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. get a droid incredible 4g lte by htc for $49.99. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron c
that's how president obama is describing republican plans for avoiding the fiscal cliff. can these two work together? we'll ask congresswoman debb ebr debber -- debbie wasserman schultz. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company...
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the whole fiscal cliff is forcing them to do something. but you nailed it on the specifics. it is tax rates. the president has said that tax rates will go up for the wealthy. republicans won't bend on that. yesterday, john boehner said, we are at a stalemate. yes, this is posturing. yes, this is washington. we have four weeks to go. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> reporter: you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're now facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and even cash has been disappearing from their dormrooms all semester. one victim used an app to track down her stolen ipad. when the investigation unfolded, the staggering news. now, four players from the division-i basketball team are under arrest. faces, covered in s
the whole fiscal cliff is forcing them to do something. but you nailed it on the specifics. it is tax rates. the president has said that tax rates will go up for the wealthy. republicans won't bend on that. yesterday, john boehner said, we are at a stalemate. yes, this is posturing. yes, this is washington. we have four weeks to go. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> reporter: you, too....
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more on the fiscal cliff and any developments that hopefully we'll get. we're hoping for something any day. shreds. any shreds that we can get. live starting at 4:00 p.m. eastern. good to see you, wolf. thanks. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak en
more on the fiscal cliff and any developments that hopefully we'll get. we're hoping for something any day. shreds. any shreds that we can get. live starting at 4:00 p.m. eastern. good to see you, wolf. thanks. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean...
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proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president says, look, i ran on this and i am going to do this. but he is signaling he could be flexible on how high they would go. ed henry is like. this has been out there for a few days. >>reporter: that right. the president had the governors in today and they underdiscover the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don'
proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president says, look, i ran on this and i am going to do this. but he is signaling he could be flexible...
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for all those at home who want to see republicans and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle, u.s. congressman lee terry, a republican from nebraska, and u.s. congressman jerry connolly, a democrat from nearby southern virginia. but first, i want to start with you. you told the "omaha world herald" this about republicans, we're screwed either way. we have no leverage in these discussions. congressman, what did you mean by that? >> what i mean by that is that the president wants us to take a tax vote before he's willing to talk about anything else cutting or reforming, and republicans just aren't going to do that. so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense
for all those at home who want to see republicans and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle, u.s. congressman lee terry, a republican from nebraska, and u.s. congressman jerry connolly, a democrat from nearby southern virginia. but first, i want to start with you. you told the "omaha world herald" this about republicans, we're screwed...
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so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said republicans have taken to screaming at them. if no action is taken by december 31st, 650 billion in cuts to the pentagon and domestic programs and tax increases automatically go into effect. after the meeting, the finger-pointing came quickly. republicans say democrats aren't bringing to the table a plan that include significant cuts to medicare and entitlement programs. >> revenue was only on the table. if they were serious. spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> pre
so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said...
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so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a tral dollars in ten years of entitlements. he's talked along those lines. if he doesn't give you a definition and details by the time you go to vote, obviously you won't vote for it. what's your risk? he's got to get in the pot, too, with his part of the deal. well before the end of the year. >> yeah, i think he wins by playing the political games because -- >> what game? >> you've met -- well, the setting up -- saying that we have to take a tax vote before he's even willing to discuss anything else. >> you said he wants to vote on that without the package being prepared. >> well, that's right. he wants us -- he said that the other day, that he wants us to take that tax vote to prove our sincerity. well, i'll te
so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a tral dollars in ten years of entitlements. he's talked along those lines. if he doesn't give you a definition and details by...